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Consider the value and the net cash flow realised by an investment fund in 000s over a 3-year period: Year 2010 2011 2012 2013 Value

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Consider the value and the net cash flow realised by an investment fund in 000s over a 3-year period: Year 2010 2011 2012 2013 Value of fund at 30th June Net cash flow received on 1st July Value of fund at 31st December - 1,200 1,330 1,690 46 69 37 890 1,285 1,438 1,840 ah Send during 2012 C :[1] bts [2] c) Estimate, to the nearest 0.1%, the annual effective linked internal rate of return obtained on the fund during the period from 31st December 2011 to 31st December 2013 (i.e. last two years). : [2] Consider the value and the net cash flow realised by an investment fund in 000s over a 3-year period: Year 2010 2011 2012 2013 Value of fund at 30th June Net cash flow received on 1st July Value of fund at 31st December - 1,200 1,330 1,690 46 69 37 890 1,285 1,438 1,840 ah Send during 2012 C :[1] bts [2] c) Estimate, to the nearest 0.1%, the annual effective linked internal rate of return obtained on the fund during the period from 31st December 2011 to 31st December 2013 (i.e. last two years). : [2]

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